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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net cash provided by operating activities $ 24,499 $ 16,893
Investing activities    
Purchases of property and equipment (63) (44)
Purchases of fixed maturity securities (130,755) (138,528)
Purchases of equity securities (27,736) (21,563)
Sales and maturities of fixed maturity securities 71,027 58,901
Sales of equity securities 13,492 27,278
Securities receivable or payable, net (1,023) (284)
Net cash used in investing activities (75,058) (74,240)
Financing activities    
Proceeds from initial public offering, net of costs   87,424
Redemption of Floating Rate Notes   (20,000)
Distribution to stockholder   (5,120)
Proceeds from common stock issued via employee stock purchase plan 416  
Proceeds from common stock issued via stock option exercises 1,048  
Net cash provided by financing activities 127,152 62,304
Net increase in cash, cash equivalents and restricted cash 76,593 4,957
Cash, cash equivalents and restricted cash at beginning of period 33,349 9,924
Cash, cash equivalents and restricted cash at end of period 109,942 14,881
Supplementary cash flow information:    
Cash paid for interest   $ 1,162
Stock Issued in January    
Financing activities    
Proceeds from stock offering, net of offering costs 35,464  
Stock Issued in June    
Financing activities    
Proceeds from stock offering, net of offering costs $ 90,224